Avonko

Avonko Systems was founded in 2007 as a proprietary trading software development company by trader and software developer Bryce Hutchinson. The company specializes in developing auto-trading software platforms for the Retail forex market for use by individual consumers and small to mid-size trading desks.

Avonko is best known for publishing its Avonko Elite automated trading software. The software attaches to the popular online Meta Trader 4 FX platform and allows users to enable automatic trading within MT4.^[1] The system is designed to focus on inefficiencies in the currency market for the GBP-USD pair, specifically relating to the relative opening and closing of the major trading days on the three largest interbank markets in the world - London, Tokyo, and the US.

History

Avonko first made headlines in January of 2007 when it caught the attention of Las Vegas residents with a series of small classified advertisements in the local newspapers offering a wager to interested parties.^[2] Founder and acting executive Bryce Hutchinson offered fellow traders 2:1 odds that the newly released beta version of Avonko Elite 4.3 would beat the benchmark S&P500 index, by a factor of 3 or more, for calendar year 2007. While it was never publicly disclosed if any wagers were placed, Avonko published their system's trading results live and had them independently confirmed with several traders beta testing the system.^[3] The publicity stunt did not backfire, as Avonko's Elite EA went on to beat the S&P500 benchmark index by a factor of 17.5 (93.2% vs. 5.3%)